The Humboldt Foundation Trust
- Assets
- $1.0m
- Revenue
- $45.7k
- Investments
- $898.1k
- Employees
- 0
- Location
- Winnemucca, NV
- Founding
- 09/2001
- Data as of
- 12/2022
- EIN
- 88-0480062
Organization Overview
The Humboldt Foundation Trust is located in Winnemucca, NV. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humboldt Foundation Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Humboldt Foundation Trust generated $45.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $124.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Humboldt Foundation Trust has awarded 16 individual grants totaling $654,857. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST WITH EDUCATION COSTS FOR STUDENTS IN HUMBOLDT COUNTY, NEVADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED 7/1/01 AND EXPANDED ON 12/31/02 TO PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS (88 STUDENTS AWARDED SCHOLARSHIPS IN 2015)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Milton III Chairman | 1 | $0 | |
Rolfe Schwartz Vice-Chairman | 1 | $0 | |
Irene Bruntsman Treasurer | 5 | $0 | |
Rich Stone Trustee | 1 | $0 | |
Vince Mendiola Trustee | 1 | $0 | |
Ron Cerri Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $3,146 |
| Dividends & Interest | $21,789 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,679 |
| Capital Gain Net Income | $20,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $409 |
| Total operating and administrative expenses | $25,697 |
| Contributions, gifts, grants paid | $98,660 |
| Total expenses and disbursements | $124,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,494 |
| Savings and temporary cash investments | $131,051 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,041,650 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Humboldt Foundation Trust has awarded $98,660 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUB OF WINNEMUCCA PURPOSE: TO PROVIDE FUNDING FOR EDUCATIONAL PROGRAMS | $13,200 |
HUMBOLDT COUNTY SCHOOL DISTRICT PURPOSE: TO PROVIDE FUNDING FOR LOCAL SCHOOL DISTRICT | $51,485 |
SCHOLARSHIP RECIPIENTS LISTING PURPOSE: SCHOLARSHIPS FOR HIGHER EDUCATION | $33,975 |